Tue, 05 Mar 2019 | ADMINISTRATION
Thought to be the UK’s largest independent bathroom retailer, Better Bathrooms has fallen into administration as a result of “severe cashflow difficulties”.
The company was forced to call in business recovery specialists FRP Advisory LLP to handle the administration process, with partners Phil Pierce and Gary Blackburn appointed as joint administrators.
Better Bathrooms has since ceased its trading operations, closing its doors to all 13 of its stores and two trade counters.
Commenting on the administration process, Pierce said: “The challenges facing the UK retail industry are well known and are putting immense pressure on businesses operating in the sector.
“Unfortunately, Better Bathrooms has suffered from severe cashflow difficulties and an extended period of soft trading, which has forced the business into administration.
“Without significant investment or the cash to continue trading, the difficult decision was made to cease trading.”
The administrators further noted that they would be writing to all affected customers “as soon as possible” asking them to get in touch with details so as to address each case immediately and effectively.
Better Bathrooms’ assets include its staff, the headquarters in Leigh, a warehouse in Didcot and a customer service centre in Glazebury.
Despite the current state of insolvency, and even predicting the company’s downfall over social media and the sheer number of delayed deliveries, the administrators remain positive about the future of the business, stating that: “We urge any parties who might be interested in acquiring the assets of the business to come forward as soon as possible.”
For more news stories about administrations click here. For all our administrations listings, click here.
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